Temasek welcomes the ‘Better Business, Better World’ Report by the Business and Sustainable Development Commission

Good governance and sustainability underpin all Temasek does as an investor, institution and steward.

Temasek’s annual Ecosperity conference fosters the twinning of growth and development alongside an abiding respect and commitment for a clean and sustainable environment, for a better world.

Temasek welcomes the ‘Better Business, Better World’ Report as an important multinational contribution to advancing the dialogue on how businesses can embrace sustainable development to create value beyond their respective organisations.

Olam’s operations are properly matters for the board and management of Olam to address. As a matter of proper governance, Temasek does not direct the business operations of our portfolio companies, including Olam.

We have stated openly and in many forums, that we fully support no burn policies for land clearance, and would urge oil palm companies and plantation owners to do the same.

Haze from large scale fires, and the fires themselves whether deliberate or natural, are a major health hazard, and may have long term implications. Hence, it is important that all players, individuals, companies and governments, work together to prevent, minimize and mitigate such risks to people and our environment.

Statement: Temasek and SMRT welcome opportunity to engage with SMRT shareholders and SIAS

Temasek and SMRT have proactively reached out to SIAS to arrange meetings to discuss the proposed acquisition.

We welcome the opportunity to engage in a dialogue with SIAS, and SMRT shareholders, about this proposed transaction in the lead-up to the Scheme Meeting later in the year.

Subject to regulatory and court approvals, SMRT expects to convene a Scheme Meeting by October for shareholders (other than Temasek) to vote on the proposal.

Shareholders will receive a Scheme Document before the Scheme Meeting, which will outline the proposal in detail, and seek to address the comments and questions regarding the proposed privatisation of SMRT.

In the meantime, we refer SMRT shareholders to the details laid out in the Joint Announcement made by SMRT and Temasek last week.